Revealed: the most aggressive private equity deal sponsor

Many debt buyers are particularly wary of new debt offerings brought to market by private equity firms to finance their buyouts

By

Mary Childs

August 23, 2019 11:29 am GMT

The results are in: Vista Equity Partners is the most aggressive private equity deal sponsor, according to a measure by Xtract Research.

After years of deteriorating quality in so-called covenants — promises in debt agreements that are supposed to restrict corporate borrowers from doing anything that might erode the debt’s value — Xtract began tracking the quality of deals, assigning a score of zero (weak) to 10 (strong), based on risks to collateral and other factors.